Standby LC

Amid “Challenging Times”, ICC Trade Register Reinforces Low-Risk Nature of Trade Finance

In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter. The ICC Trade

DCW Newsroom Dec 18, 2024

DCW Litigation Digest

Shinetec (Australia) Pty Ltd. v. The Gosford Pty Ltd. [2024]

Contractor Shinetec (Australia) and parent company Shanxi Construction Investment Group (standby applicant) appealed dismissal of claims against beneficiary The Gosford.

Matthew J Kozakowski Dec 18, 2024

DCW Updates

Canadian Province Proposes Surety Bonds as Option for Securing Municipal Obligations

In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian

DCW Newsroom Oct 24, 2024

DCW Articles

eDocuments: how harmonization is driving adoption

Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.

Jorge Riva Sep 25, 2024

Jul/Aug 2024

Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]

English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.

Matthew J Kozakowski Aug 22, 2024

DCW Feature

Pacific Atlantic Pipeline Construction Inc. v. Coastal Gaslink Ltd. [2024]

Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.

Matthew J Kozakowski Aug 22, 2024

DCW Litigation Digest

Pacific Atlantic Pipeline Construction Inc. v. Coastal Gaslink Ltd. [2023]

Canada's Court of King’s Bench of Alberta denied injunction application of LC Applicant who sought to enjoin Beneficiary demand on standby LC.

Matthew J Kozakowski Aug 22, 2024

DCW Updates

Will A Model SBLC Form Energize eUCP Use?

Energy LEAP, an organization comprised of energy trading, service and association entities, drafted and released wording in April 2023 for

DCW Newsroom Aug 22, 2024

DCW Updates

LC Requirements for US Entities Seeking Rural Broadband Support Scrutinized

The US Federal Communications Commission (FCC) which oversees program requirements for entities attempting to secure federal funding support for broadband

Christopher Byrnes Aug 22, 2024

DCW Updates

Dave Meynell Reacts to June 2024 DCW Articles

Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.